Pudu Robotics
Shenzhen maker of commercial service robots for restaurant delivery, commercial cleaning and industrial transport.
- Service robot maker Excelland lists in Hong Kong at the bottom of its range as institutions leave the book short
Excelland Robotics (Wuxi), ranked third in China's commercial service robot market, began trading in Hong Kong on 9 September 2026 after pricing 45 million H shares at HK$14.45, the bottom of its range, for gross proceeds of HK$650.2 million. Retail investors subscribed 140.02 times while the international tranche was covered only 0.99 times, and the prospectus shows a 2025 loss of RMB110.8 million on revenue of RMB317.7 million.
Mentioned - Serve Robotics buys hospital robot maker Diligent for $29 million in stock, taking its sidewalk autonomy indoors
Serve Robotics agreed on January 19, 2026 to acquire Diligent Robotics, maker of the Moxi hospital delivery robot, for Serve common stock valued at $29.0 million including a potential $5.3 million earnout, and closed the deal on January 27. SEC filings show that a $19.0 million cash payment for Diligent's debt cut the stock actually issued at closing to 32,835 shares.
Mentioned - Hotel robot maker Yunji debuts in Hong Kong after its retail tranche is covered 5,657 times
Beijing Yunji Technology raised HK$659.6 million in gross proceeds and began trading in Hong Kong on 16 October 2025 after retail investors subscribed for 5,657.20 times the shares on offer. A Suzhou state-owned vehicle took 39.83% of the deal, leaving a small free float behind the frenzy for a company that still loses money and earns most of its revenue from hotels.
Mentioned - LG Electronics takes 51% of Bear Robotics and hands it the CLOi service robot business, four weeks after Samsung moved on Rainbow
LG Electronics' board voted on 22 January 2025 to exercise a call option for another 30% of Silicon Valley delivery robot maker Bear Robotics, lifting its stake to 51% and making the start-up a subsidiary. LG will move its CLOi commercial robot unit under Bear and keep chief executive John Ha in charge, but has not said what it paid for the second tranche.
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